Industry growth and institutional capacity building in Philippine micro-finance: an overview
2007
Manilay, A.A., Philippines Univ. Los Baños, College, Laguna (Philippines).Dept. of Agricultural Economics
The continuing growth of the microfinance industry in the Philippines resulted in an increased demand for microfinance professionals. Building the capability to train personnel is a concern that requires serious attention for the sustainability of the industry. This paper reviews past capability-building efforts of the microfinance industry; evaluate the training resources that been developed ; and purposes an approach to further strengthen capability-building. Data utilized were gathered through mailed questionnaires and interviews of key informants. Secondary data were obtained from the People's Credit and Finance Corporation and from a previous study published by the Asian Institute of Management, Makati City, Philippines. Funds for microfinance training were mostly provided by International Development Agencies and Training services providers were established to train personnel of Microfinance Institutions(MFIs). Later on, some MFIs conducted in-house training after developing the expertise. Most of the training resources are concentrated in the Metro Manila Area.Facilities are limited for outlying provinces in Luzon, Visayas and Mindanao. As a recommendation, the paper proposes that linkages between service providers and selected academic institutions strategically located across the country be established to hasten capability-building in other areas of the country.
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